Thoroughbred Retirement Foundation Inc

“Organization's process to review form 990 the chairman, ceo, and treasurer, review the form 990 individually. The three individuals hold a meeting to discuss any questions that they may have. If any corrections or changes are needed, the accounting firm engaged to prepare the form 990 is notified. Also, the executive committee and the board also review the audit report.”

“Enforcement of conflicts policy the foundation board is a governing board that meets monthly to discuss and decide on issues related to the foundation, its policy, performance and the foundation staff.”

“Form 990, part vi, section b, line 15a - compensation process for top official all salaries are approved by the board and salaried employees serving as directors are not permitted to vote when it relates to compensation. Form 990, part vi, section b, line 15b - compensation process for officers all salaries are approved by the board and salaried employees serving as directors are not permitted to vote when it relates to compensation.”

“Governing documents disclosure explanation the organization's governing documents and financial statements are available by submiting a written request to the organization's main office.”

“990 part viii: line 1f: the foundation recieves one time bequests annually during the year, which can fluctuate significantly from year to year depending upon the donor. Individual bequests for december 31, 2023 were $444,244 included in contributions line 1f. 990 part viii: line 1f: the foundation recieves grants annually during the year, which can fluctuate significantly from year to year depending upon the grantor. Grants for december 31, 2023 were $273,236 included in contributions line 1f.”

“Blacksmith: program service expenses 66,983. Management and general expenses 0. Fundraising expenses 0. Total expenses 66,983. Supplies: program service expenses 47,357. Management and general expenses 2,930. Fundraising expenses 3,385. Total expenses 53,672. Repairs and maintenance: program service expenses 29,924. Management and general expenses 600. Fundraising expenses 2,635. Total expenses 33,159. Training: program service expenses 33,066. Management and general expenses 0. Fundraising expenses 0. Total expenses 33,066. Medical supplies: program service expenses 26,407. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,407. Printing and publications: program service expenses 0. Management and general expenses 466. Fundraising expenses 25,769. Total expenses 26,235. Bank charges: program service expenses 0. Management and general expenses 4,297. Fundraising expenses 19,798. Total expenses 24,095. Lease amortization, right of use asset: program service expenses 0. Management and general expenses 10,182. Fundraising expenses 10,182. Total expenses 20,364. Postage and freight: program service expenses 4,031. Management and general expenses 4,672. Fundraising expenses 8,014. Total expenses 16,717. Rent: program service expenses 5,000. Management and general expenses 5,407. Fundraising expenses 3,600. Total expenses 14,007. Equipment rental: program service expenses 8,871. Management and general expenses 3,156. Fundraising expenses 401. Total expenses 12,428. Taxes and licenses: program service expenses 3,051. Management and general expenses 7,073. Fundraising expenses 0. Total expenses 10,124. Transportation: program service expenses 8,365. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,365. Telephone: program service expenses 3,769. Management and general expenses 3,299. Fundraising expenses 295. Total expenses 7,363. Dues: program service expenses 1,143. Management and general expenses 4,363. Fundraising expenses 1,180. Total expenses 6,686. Appeal and book: program service expenses 0. Management and general expenses 0. Fundraising expenses 3,972. Total expenses 3,972. Utilities: program service expenses 3,397. Management and general expenses 10. Fundraising expenses 0. Total expenses 3,407. Internet: program service expenses 0. Management and general expenses 711. Fundraising expenses 680. Total expenses 1,391.”

“The process has not changed from the prior year”